CA > Placerville
Placerville, CA 95667,3237 Francis AVE
Placerville, CA 95667,3237 Francis AVE
Placerville, CA 95667,3237 Francis AVE
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$895,000
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3,000 SqFt
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3237 Francis AVE Placerville, CA 95667

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Kimberly Bankston-Lee

Kimberly Bankston-Lee

+1(916) 265-4331

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $298

MLS Listing ID 225118927

HOA Y/N No

Year Built 1963

Lot Size 7,841 Sqft

Acres 0.18

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

3237 Francis Avenue, a rare 4-unit multifamily investment opportunity in the historic Gold Country community of Placerville, CA. Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville's multifamily market is uniquely supply-constrained. With a population of 10,656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownershipdriven by elevated purchase prices and interest ratesfurther constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning.

Location

State CA

County El Dorado

Area 12701

Direction Property is near Marshall Hospital. Turn onto Darlington Ave from Cedar Ravine Rd, then turn onto Francis Ave.

Interior

Flooring Vinyl, Wood

Appliance Free Standing Refrigerator, Gas Cook Top, Built-In Gas Range

Laundry In Each Unit, Other

Exterior

Parking Features Open, Street, Uncovered, Guest Parking Available

Utilities Available Sewer Connected, Other

Water Access Desc Public

View Downtown

Total Parking Spaces 6

Building

Lot Description Central BBQ, Court

Story 2

Foundation Concrete, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Placerville Union

Middle Schools Placerville Union

High Schools El Dorado Union High

School District El Dorado

Others

Senior Community No

Tax ID 051-263-009

Special Listing Condition Offer As Is

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate

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Kimberly Bankston-Lee

Kimberly Bankston-Lee

REALTOR | License ID: 02049965

+1(916) 265-4331

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3237 Francis AVE